Name: Magna Real Estate Market Data
Creator: Propaired

Question 1

What is the median home price in Magna, Utah in 2026?

Accepted Answer

As of July 2026, the median home price in Magna, Utah is $445,000, which is 15.2% below the Utah state median of $525,000. Home prices in Magna range from $236,900 to $765,000, with an average sale price of $445,455. These figures are based on recent closed transactions in the Magna real estate market.

Question 2

Is Magna, Utah a buyer's or seller's market?

Accepted Answer

Magna, Utah is currently a cooling market that is shifting toward buyers. Key indicators include an average sale-to-list price ratio of 99.9% and homes spending an average of 65 days on the market. Magna’s median home price sits roughly 15% below the Utah average, with days on market about 5½% longer and a more buyer‑friendly inventory balance.

Question 3

How long do homes stay on the market in Magna?

Accepted Answer

Homes in Magna, Utah spend an average of 65 days on the market before going under contract compared to the Utah state average of 61 days (5.7% above average). This gives buyers time to carefully evaluate options and negotiate terms. Properties that are priced competitively and show well tend to sell fastest.

Question 4

How many homes are for sale in Magna, Utah?

Accepted Answer

As of July 2026, there are 104 active homes for sale in Magna, Utah with 212 new listings added recently. In the most recent reporting period, 132 transactions closed in Magna. The inventory level can change quickly, so checking regularly helps buyers stay ahead of new opportunities.

Question 5

Are there new construction homes for sale in Magna, Utah?

Accepted Answer

Yes — Magna currently has 212 new listings recently added to the market, with prices starting from $236,900. New construction homes (year built ≥ 2025 or builder-flagged in MLS) can be found using the "New Construction" filter on Propaired. The overall median home price in Magna is $445,000.

Question 6

How does Magna compare to the Utah state average?

Accepted Answer

Magna home prices are 15.2% below the Utah state median of $525,000, with a local median of $445,000. Homes sell slower than the state average — 65 days in Magna vs 61 days statewide (5.7% above average). The sale-to-list ratio is 99.9% locally vs 99.0% statewide.

Question 7

Are homes in Magna more expensive than the Utah average?

Accepted Answer

No, homes in Magna are more affordable than the Utah state average. The median home price in Magna is $445,000, compared to the statewide median of $525,000 — a difference of $80,000 (-15.2%). This makes Magna an attractive option for buyers seeking value in Utah.

Question 8

Do homes sell faster in Magna than the rest of Utah?

Accepted Answer

No, homes in Magna take longer to sell than the Utah average. The average days on market in Magna is 65 days, compared to 61 days statewide (5.7% above average). Buyers in Magna have more time to evaluate listings and negotiate, which can work in their favor. The overall market temperature is considered cooling.

Question 9

How have home prices changed in Magna over the past year?

Accepted Answer

Home prices in Magna, Utah have remained flat by 0.0% over the past year. The median sale price went from $450,000 to $450,000. This slight correction may create buying opportunities for prospective homeowners. Check the Magna market trends section above for detailed charts.

Question 10

Is the Magna housing market heating up or cooling down?

Accepted Answer

The Magna housing market is currently showing mixed signals, with prices down 0.0% year-over-year and days on market increasing by 84.0%. The market temperature is rated "cooling" based on current conditions. Magna’s median home price sits roughly 15% below the Utah average, with days on market about 5½% longer and a more buyer‑friendly inventory balance. Monitor the market data section above for monthly trends and state comparisons to track how conditions are evolving.

Question 11

What were Magna home prices this time last year?

Accepted Answer

In July 2025, the median home sale price in Magna, Utah was $450,000. Today, the median is $450,000, representing a change of 0.0% (Contact for Price decrease). During that same period, the average days on market went from 38 to 70 days.

Question 12

What is the current market outlook for Magna, Utah?

Accepted Answer

Homebuyers in Magna benefit from a price advantage, with the median home at $445 K—about $80 K less than the state median—and a sale‑to‑list ratio of 99.9%, indicating sellers are pricing competitively. However, the market is showing cooling signs: prices fell 2.2% month‑over‑month, days on market rose to 65 (5.5% above the state average), and inventory is ample, with 214 new listings versus 133 closed transactions in the last quarter. Single‑family homes sold at a median of $460 K (‑8% YoY) and townhomes/condos at $399.5 K (‑7.1% YoY), reflecting modest declines across property types.

The broader economic backdrop adds pressure. Mortgage rates have been climbing steadily, with the 30‑year rate moving from 6.1% in January to 6.49% in July, while the 15‑year rate rose from 5.47% to 5.85%. Unemployment remains stable (Utah 3.6%, US ~4.3%), and consumer sentiment is flat, but the persistent rise in borrowing costs dampens purchasing power. Adding to buyer caution, recent city‑specific news highlights growing wildfire risk and calls for better emergency routes, which could affect insurance costs and perceived safety. On the supply side, Utah’s new housing division aims to accelerate construction, potentially increasing future inventory and further moderating price growth. Buyers should act now to lock in lower prices while monitoring rate trends and local safety improvements. The market temperature is rated "cooling." Magna’s median home price sits roughly 15% below the Utah average, with days on market about 5½% longer and a more buyer‑friendly inventory balance.

Question 13

What are the key highlights of the Magna housing market?

Accepted Answer

Key highlights of the Magna, Utah housing market include: Median closed price is $445,000, 15.2% lower than the Utah median of $525,000.. Prices slipped 2.2% month‑over‑month and are 8%‑7% below last year’s levels for single‑family homes and townhomes/condos.. New listings (214) outpace closed sales (133) over the past three months, pushing the market toward buyer advantage.. 30‑year mortgage rates have risen from 6.1% to 6.49% over the last six months, adding cost pressure for buyers.. City‑specific wildfire‑risk concerns may influence buyer perception and future emergency‑route improvements.. These insights are derived from recent MLS transaction data and local market analysis.

Question 14

What is the price range for homes in Magna, Utah?

Accepted Answer

Homes in Magna, Utah range from $236,900 to $765,000, with a median price of $445,000. The standard deviation is $96,150, indicating relatively consistent pricing across the area. This range reflects the diversity of housing options available, from starter homes to luxury properties.

Question 15

How do Magna schools compare to the state average?

Accepted Answer

Of the 8 schools in Magna, 0 (0%) are rated as high-performing and 0 have strong academics indicators. Families should research individual school ratings on our Magna schools page for detailed performance breakdowns.

Question 16

What is the internet quality in Magna, Utah?

Accepted Answer

Magna has an average broadband download speed of 8924 Mbps and 97% of homes have access to fiber internet. Top internet providers include Utah Telecommunication Open Infrastructure Agency, Google Fiber, Quantum Fiber. This is above average for Utah, supporting remote work and streaming. Residents have an average of 11.8 provider options.

Question 17

Are single-family homes or condos a better investment in Magna?

Accepted Answer

In Magna, single-family homes have a median price of $460,000 (-8.0% YoY), while townhomes/condos are $399,500 (-7.1% YoY). SFRs sell in 28 days vs 54 days for condos. Condos offer a lower entry point with competitive returns. Both property types are available with AI-powered search on Propaired.

Question 18

What is the price per square foot in Magna?

Accepted Answer

The median price per square foot in Magna, Utah is $231. The average home size is 1,990 sqft. This metric helps compare value across neighborhoods and property types — a lower price per sqft may indicate better value, while higher prices often reflect premium locations or finishes.

Question 19

Is now a good time to buy a home in Magna, Utah?

Accepted Answer

The 30-year mortgage rate is currently 6.49% and Utah's unemployment rate is 3.6%, with Magna's market rated as "cooling." Prices are stabilizing at 0.0% year-over-year. Current conditions may favor buyers with more negotiating room. Market timing depends on your personal financial situation and goals.

Question 20

When is the best time to buy a home in Magna?

Accepted Answer

Historically, June offers the most new listings in Magna, giving buyers the widest selection. Spring (April–June) typically sees the most inventory while winter months often have less competition and potentially more motivated sellers. However, Utah's growing market means opportunities exist year-round. Set up alerts on Propaired to be notified when new listings match your criteria.

Market Overview

Key Metrics

Detailed Market Analysis

Advanced Metrics

Trend Charts

Price Distribution & Property Mix

Featured Homes in Magna

$387,999

$429,900

$369,900

$435,000

$249,990

$359,900

$459,000

$440,000

$584,000

$445,000

$505,000

$380,000

Deals & Lifestyle in Magna

$387,999

$369,900

$249,990

$359,900

$440,000

$505,000

$380,000

$379,999

$249,900

$490,000

$449,900

$399,900

$429,900

$435,000

$459,000

$584,000

$445,000

$505,000

$699,900

$525,000

$765,000

$499,000

$449,900

$517,000

$389,900

$439,000

$451,500

Highlights in Magna

$3,600,000

$325,500

$459,900

$425,900

$399,900

$380,000

$435,715

$399,900

$399,900

$479,900

$439,715

$412,410

$412,410

$594,900

$419,900

$598,805

$455,000

$568,160

$599,900

$558,160

$584,000

$445,000

$699,900

$439,480

$517,000

$380,900

$375,000

$398,900

$300,000

$465,000

$508,900

$745,000